Stansfield Corporation had the following activities in 2010. 1. Payment of accounts payable.............................$770,000 2. Issuance of common

Question:

Stansfield Corporation had the following activities in 2010.

1. Payment of accounts payable.............................$770,000

2. Issuance of common stock..................................$250,000

3. Payment of dividends...........................................$350,000

4. Collection of note receivable...............................$100,000

5. Issuance of bonds payable..................................$510,000

6. Purchase of treasury stock....................................$46,000

Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2010 statement of cash flows.

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